The Opening of the Brazilian Market Favored Investments from Major Norwegian Players in the Country. So Far, There Are More Than 27,000 Direct Jobs and 585,000 Indirect Jobs Created in Recent Years
Little is said about Norwegian companies in Brazil that are gradually gaining market share and significantly amplifying their investments. The sectors where Norwegians are injecting their “Norwegian Crowns” (official currency) the most are renewable solar energy, hydropower, oil and gas, generating more than 612 job vacancies among direct and indirect roles, according to the Norwegian business site Inosvajon Norge and endorsed by Team Norway Brazil.
- Agreement Between Eletronuclear and Westinghouse Provides for Completion of Angra 3 and Construction of New Nuclear Power Plants
- Leading the Ethanol Market in Brazil, BP Bunge Hires Electricians, Engineers, Operators, and More
- Civil Construction – Take the Fully Online and Free Autocad Course to Specialize in the Sector
In the table below, it is possible to see that Brazil represents an important source of resources for Norway, with about 7.3% of its GDP (Gross Domestic Product) coming from the sectors listed above. Next, we will list the companies that centralize their investments here the most.
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The largest meat cooperative in Brazil estimates that it would need to hire an additional 11,000 workers on top of the current 51,000 just to produce slightly less than today, if Congress approves the end of the 6×1 schedule and the 40-hour workweek.
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Payment methods that facilitate sales
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Acelen advances with megabiorefinery in Bahia with a R$ 503 million investment released by BNDES and boosts the production of sustainable fuels with advanced technology capable of transforming vegetable oil and waste into green diesel and low-emission aviation fuel.
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Labubu officially arrives in Brazil in June with prices up to R$ 799.99, attempts to curb the invasion of counterfeits, and turns serrated-tooth dolls into a new craze among collectors.
Investment Table Regarding Norway’s Recent Years in Brazil (Click to Enlarge)
4 Norwegian Companies in Brazil and Their Investments by Segment
The agreement signed by Equinor to Acquire a Stake in the Roncador Field was the largest transaction during the period. However, a positive investment trend can be observed across all sectors, not limited to Oil and Gas.
Although investments in the renewable solar energy sector have returned to 2014 levels, Norway now has greater and more diverse exposure in the energy sector. Four companies are investing in four different types of renewable energy sources in Brazil. Scatec Solar and Equinor are in the sector with solar generation facilities, while Statkraft has Expanded Its Operations with new hydropower acquisitions. Umoe BioEnergy remains focused on alternative sources such as biofuel, produced from sugarcane, with negative CO2 emissions.
Agribusiness, chemicals, finance, IT, media, mining, etc., are included in the “Others” segment and represent sectors in which Norwegian companies are active in Brazil. The share of investments in these areas has slightly decreased compared to 2016, from 34% to 30%.

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